CHICAGO, IL, May 3, 2006 – ioVest Development, L.L.C., the developers of the Ara Macao Resort & Marina, Belize’s exclusive new community, today announced the formation of the Founders Club. The Club, a unique opportunity during the pre-construction phase of units, offers members special recognition and membership benefits.

Those first 50 purchasers of a condominium or villa homes in the Ara Macao Resort and Marina located in Placencia, Belize are invited to participate in the Founders Club offering, which provides purchasers with an opportunity to partake in the growth in value of the Resort and its residential offerings. These early adopters will receive a special incentive package that will not only provide significant economic benefits, but also will evoke immeasurable prestige and distinguish Founders from all other purchasers who will be relegated to pay market prices.

“By becoming an Ara Macao Founder you are joining an elite few who will receive special incentives,” said Vince Minniti, Director of Financial Services for ioVest Development, L.L.C., “This exciting unique limited offer includes, 20 % off the already low preconstruction price, first choice of unit location, round trip airfare for two and five nights accommodations, including food and beverage in a luxury resort on the beach in Placencia, Belize, special recognition as an Ara Macao Founder with each family name permanently inscribed on the Founders Roll in a designated display area in the reception center, invitations to special receptions, preferred seating in Ara Macao restaurants and many more ongoing special incentives over the years.”

The Resort’s Beachfront Condominium Residences include 2 and 3 bedroom floor plans with up to 3 full baths, large front and back veranda areas, elevator access and private enclosed garage. Three distinctive building facades compliment the surrounding lush landscaping and pool areas.

The Marina Waterway Villas offer four distinctive residences all backing the marina waterway with available private docks and feature up to 3 bedrooms and 3 baths, a 2-car attached garage, three levels of living space all with private verandas and a lanai. All residences offer extraordinary water views and spacious living areas detailed with luxurious interior features and amenities.

The project when completed will feature the region’s only full service marina with direct access to the Caribbean Sea. Additionally, Ara Macao Resort & Marina features all natural amenities, such as a rainforest nature preserve and a coral reef within swimming distance from the beach. The master resort site plan calls for 456 luxury condominiums, 296 waterway villas, 260 hotel condominiums and 59 golf course home sites.

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